1) The presentation discusses Las Vegas Sands' second quarter 2015 earnings results and provides an investment overview of the company. 2) Key highlights include net revenue of $2.92 billion and consolidated adjusted property EBITDA of $1.02 billion for Q2 2015. 3) The company remains committed to maximizing shareholder return through long-term growth and continuing to return capital to shareholders via recurring dividends and stock repurchase programs.

1. The Venetian Macao Marina Bay Sands, Singapore
Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo, Las Vegas
2Q15 Earnings Call Presentation
July 22, 2015
The Parisian MacaoSands Cotai Central, Macao

2. This presentation contains forward-looking statements that are made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements involve a number of risks, uncertainties or other factors beyond the
company’s control, which may cause material differences in actual results, performance
or other expectations. These factors include, but are not limited to, general economic
conditions, competition, new development, construction and ventures, substantial
leverage and debt service, government regulation, tax law changes, legalization of
gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters,
risks relating to our gaming licenses, certificate and subconcession, infrastructure in
Macao, our ability to meet certain development deadlines, our subsidiaries’ ability to
make distribution payments to us, and other factors detailed in the reports filed by Las
Vegas Sands Corp. with the Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on these forward-looking statements, which speak only as
of the date thereof. Las Vegas Sands Corp. assumes no obligation to update such
information.
Forward Looking Statements
2

3.  The global leader in Integrated Resort development and operation, delivering strong and
diversified cash flow and earnings as well as growing recurring dividends
 Best positioned operator to deliver long-term growth in Asia, with the pre-eminent
destination Integrated Resort properties in the world’s largest and fastest growing consumer
markets
 Uniquely positioned to bring unmatched track record, powerful convention-based business
model and the industry’s strongest balance sheet to the world’s most promising Integrated
Resort development opportunities
 Committed to maximizing shareholder returns by delivering long-term growth while
continuing the return of capital to shareholders through recurring dividend and stock
repurchase programs
 The industry’s most experienced leadership team: visionary, disciplined and dedicated to
driving long-term shareholder value
The Investment Case for Las Vegas Sands
3
Maximizing Return to Shareholders by:
1. Delivering long-term growth in current markets
2. Using leadership position in convention-based Integrated Resort development and
operation to pursue global growth opportunities
3. Continuing to return excess capital to shareholders

4.  Net revenue was $2.92 billion
 Consolidated adjusted property EBITDA was $1.02 billion
 Consolidated EBITDA margin was 34.8% (35.2% on a hold-normalized basis)
 Macao – Adjusted property EBITDA was $559.8 million
 Strong cost discipline drove a 150 basis point sequential increase in hold-normalized
adjusted property EBITDA margin to 31.7%
 Marina Bay Sands – Despite headwind of stronger US dollar, Adjusted property EBITDA was $363.3
million (Hold-normalized Adjusted property EBITDA increased 6.1% on a constant currency basis)
 Adjusted diluted EPS was $0.60 per share
 LVS returned a total of $583.8 million to shareholders during the quarter through:
 Recurring dividend of $0.65 per share
 Stock repurchase program ($65.0 million repurchased at a weighted average price of
$50.46 during the quarter)
Second Quarter 2015 Financial Highlights
Continued Return of Capital to Shareholders Despite Current Headwinds in Macao
4NOTE: All comparisons in this presentation compare the second quarter 2015 against the second quarter 2014 unless otherwise specified.

5. $ in millions, except per share information 2Q14 2Q15 $ Change % Change
Net Revenue 3,624.4$ 2,921.4$ (702.9)$ -19.4%
Adjusted Property EBITDA 1,312.6$ 1,016.2$ (296.5)$ -22.6%
Adjusted Property EBITDA Margin 36.2% 34.8% -140 bps
Adjusted Diluted EPS 0.85$ 0.60$ (0.25)$ -29.4%
Dividends per Common Share 0.50$ 0.65$ 0.15$ 30.0%
Hold-Normalized Adjusted Property EBITDA 1,218.8$ 1,013.9$ (204.9)$ -16.8%
Hold-Normalized Adj. Property EBITDA Margin 35.2% 35.2% 0 bps
Hold-Normalized Adjusted Diluted EPS 0.77$ 0.61$ (0.16)$ -20.8%
Second Quarter 2015 Financial Results (Y/Y)
Quarter Ended June 30, 2015 vs Quarter Ended June 30, 2014
5

6. $ in millions, except per share information 1Q15 2Q15 $ Change % Change
Net Revenue 3,011.6$ 2,921.4$ (90.2)$ -3.0%
Adjusted Property EBITDA 1,050.5$ 1,016.2$ (34.4)$ -3.3%
Adjusted Property EBITDA Margin 34.9% 34.8% -10 bps
Adjusted Diluted EPS 0.66$ 0.60$ (0.06)$ -9.1%
Dividends per Common Share 0.65$ 0.65$ -$ -
Hold-Normalized Adjusted Property EBITDA 1,021.6$ 1,013.9$ (7.6)$ -0.7%
Hold-Normalized Adj. Property EBITDA Margin 34.3% 35.2% +90 bps
Hold-Normalized Adjusted Diluted EPS 0.64$ 0.61$ (0.03)$ -4.7%
Second Quarter 2015 Financial Results (Q/Q)
Quarter Ended June 30, 2015 vs Quarter Ended March 31, 2015
6

7. Year Year Year Six Months
Ended Ended Ended Ended
$ in millions 12/31/2012 12/31/2013 12/31/2014 6/30/2015 Total
LVS Dividends Paid1
823$ 1,153$ 1,610$ 1,038$ 4,624$
LVS Special Dividend Paid 2,262 - - - 2,262
LVS Shares Repurchased - 570 1,665 65 2,300
Subtotal LVS 3,085$ 1,723$ 3,275$ 1,103$ 9,186$
SCL Dividends Paid
2
357 411 538 308 1,614
SCL Special Dividend Paid - - 239 - 239
Subtotal SCL 357$ 411$ 777$ 308$ 1,853$
Total 3,442$ 2,134$ 4,052$ 1,411$ 11,039$
$1.00
$1.40
$2.00
$2.60
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
2012 2013 2014 2015
7
LVS Increasing Return of Capital to Shareholders
Over $11.0 Billion of Capital Returned to Shareholders Over Last 14 Quarters
LVS Recurring Dividends per Share1  In the fourth quarter of 2014, the LVS Board of Directors
increased the LVS recurring dividend by 30.0% to $2.60 per
share for the 2015 calendar year ($0.65 per share payable
quarterly)
 In the fourth quarter of 2014, the LVS Board of Directors also
authorized an additional $2.0 billion stock repurchase program
following the completion of the previous $2.0 billion program
 Since the inception of the company’s share repurchase
program in June 2013, the company has returned $2.30
billion to shareholders through the repurchase of 32.3
million shares
 During the second quarter of 2015, $65.0 million of
common stock was repurchased at a weighted average
price of $50.46
 The company remains committed to returning capital to
shareholders via:
— Recurring quarterly dividend programs at Las Vegas
Sands with a commitment to maintaining those
recurring dividends and to increasing the dividends in
the future as cash flows grow
— $2.0 billion Las Vegas Sands stock repurchase program
($1.70 billion remaining) to be used to return excess
capital to shareholders
1. Excludes dividends paid by Sands China Ltd. and excludes the $2.75 per share special dividend paid in December 2012.
2. Reflects only the public (non-LVS) portion of dividends paid by Sands China Ltd. (total SCL dividends paid since 2011 were $6.21 billion³).
3. The $6.21 billion figure represents SCL dividends paid as of 6/30/2015. The SCL Board of Directors approved a final dividend at the SCL Annual General Meeting (June 17, 2015), which was paid on
July 15, 2015 (an additional $1.04 billion) for a total life-to-date SCL dividend payment of $7.26 billion.
The Company Remains Committed to Returning Capital to Shareholders While Maintaining a
Strong Balance Sheet and the Financial Flexibility to Pursue New Development Opportunities
Total Capital Returned to Shareholders

8. US$ in millions Interim Final Interim Final Interim Final Interim Final² Total
SCL Dividends Paid
1
600$ 602$ 696$ 685$ 906$ 894$ 1,030$ $1,041² 6,454$
SCL Special Dividend Paid - - - - 801 - - - 801
Total 600$ 602$ 696$ 685$ 1,707$ 894$ 1,030$ 1,041$ $7,255 ³
Year-to-Date
7/15/201512/31/2012
Year Ended Year Ended Year Ended
12/31/2013 12/31/2014
$1.16 $1.33
$1.73
$1.99
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
2012 2013 2014 2015²
8
SCL Also Increasing Return of Capital to Shareholders
Over US$7.2 Billion of Capital Returned to Shareholders By 3Q15 ²
SCL Recurring Dividends per Share (HK$)1
 The SCL Board of Directors increased the SCL 2015
dividend to HK$1.99 per share, including an
interim dividend of HK$0.99 per share paid in
February and a final dividend of HK$1.00 per share
paid on July 15, 2015²
 The company remains committed to returning
capital to shareholders via:
— Recurring bi-annual dividend program at
Sands China Ltd. with a commitment to
maintain the recurring dividend and to
increase the dividend in the future as cash
flows grow
1. Excludes the special dividend paid in 2014.
2. The final dividend was approved at the SCL Annual General Meeting on June 17, 2015 and the final dividend of $1.04 billion was paid to shareholders on July 15, 2015.
3. Includes $5.09 billion in dividends paid to Las Vegas Sands Corp. through 7/15/2015 ($4.36 billion in dividends paid to Las Vegas Sands Corp. through 6/30/2015).
SCL Remains Committed to Returning Capital to Shareholders While Maintaining a
Strong Balance Sheet and the Financial Flexibility to Pursue Development Opportunities
SCL Total Capital Returned to Shareholders

9. 4.7%
2.2%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
LVS S&P500
5.2%
4.7%
4.3%
3.7%
3.3%
2.9%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
$50.00 $54.83 $60.00 $70.00 $80.00 $90.00
LVS Generates Greater Forward Dividend Yield
than the S&P500 Index
2015 Forward Dividend
Yield of LVS and S&P5001
1. Reflects the 2015 dividend yield for LVS and the Bloomberg 2015 forward dividend yield estimate for the S&P500 on July 21, 2015.
2. Reflects the 2015 LVS dividend ($2.60) over the closing price for LVS on July 21, 2015.
LVS’s 2015 Dividend Yield of 4.7% Reflects a 250 bps
Premium Above the S&P500 Forward Dividend Yield Estimates
Sensitivity of LVS Dividend Yield
Dividend
Yield as of
7/21/15²
+250 bps
9

10. Figures as of June 30, 2015 Sands China U.S. Corporate
(US GAAP in $MM) Ltd. Singapore Operations2
and Other Total
Cash, Cash Equivalents and Restricted Cash 1,962.5$ 474.6$ 331.5$ 57.2$ 2,825.8$
Debt 3,393.8$ 3,359.3$ 3,065.3$ -$ 9,818.4$
Net Debt 1,431.3$ 2,884.7$ 2,733.8$ (57.2)$ 6,992.6$
Trailing Twelve Months Adjusted Property EBITDA 2,607.8$ 1,648.7$ 426.5$ 13.7$ 4,696.7$
Gross Debt to Trailing Twelve Months EBITDA 1.3 x 2.0 x 7.2 x NM 2.1 x
Net Debt to Trailing Twelve Months EBITDA 0.5 x 1.7 x 6.4 x NM 1.5 x
At June 30, 2015:
 Trailing Twelve Months Adjusted Property EBITDA – $4.70 billion
 Trailing Twelve Months LVS Dividends Paid – $1.84 billion
 Trailing Twelve Months SCL Dividends Paid – $308.1 million1
 Trailing Twelve Months LVS Stock Repurchases – $599.7 million
 Cash Balance – $2.83 billion
 Net Debt – $6.99 billion
 Net Debt to TTM EBITDA – 1.5x
Strong Cash Flow, Balance Sheet and Liquidity
Flexibility for Future Growth Opportunities and Increasing Return of Capital
10
1. Reflects only the public (non-LVS) portion of dividends paid by Sands China Ltd. Total TTM dividends paid by Sands China Ltd. were $1.04 billion. Does not include the SCL $1.04 billion final dividend paid on
July 15, 2015 (of which $729.9 million was retained by Las Vegas Sands Corp.)
2. U.S. Operations includes the cash and debt at the U.S. Restricted Group (plus $61.8 million in airplane and other financings) and adjusted property EBITDA from Las Vegas operations and Sands Bethlehem.
3. The net leverage ratio for covenant compliance purposes, which includes the dividends and royalty fees paid by Sands China Ltd. and Marina Bay Sands to the U.S. Operations, was 1.0x.
Strong Balance Sheet and Cash Flow Maximize Financial Flexibility
3

11. $801.3
$559.8
$752.5
$526.5
34.0%
32.2% 33.3%
31.7%
0%
10%
20%
30%
40%
50%
60%
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
2Q14 2Q15 2Q14 2Q15
Macao Operating Performance (Y/Y)
Quarter Ended June 30, 2015 vs Quarter Ended June 30, 2014
11
($MM)
Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin
Actual Hold-Normalized
-30.0%-30.1%

12. $527.7
$559.8
$527.7 $526.5
30.2%
32.2%
30.2%
31.7%
0%
10%
20%
30%
40%
50%
60%
$0
$100
$200
$300
$400
$500
$600
$700
1Q15 2Q15 1Q15 2Q15
Macao Operating Performance (Q/Q)
Quarter Ended June 30, 2015 vs Quarter Ended March 31, 2015
12
($MM)
Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin
Actual Hold-Normalized
-0.2%+6.1%

13. Mass Tables
53%
Slots 8%
Hotel 12%
Mall 8%
Other 2%
VIP 17%
Mass Tables
51%
Slots 8%
Hotel 15%
Mall 12%
Other 2%
VIP 12%
TTM 2Q14
Macao: Diversified and Stable Sources of
Departmental Profit For Las Vegas Sands and Sands China
13
Mass Tables / Slots and Non-Gaming Generated 88% of Macao’s Departmental Profit
in the TTM 2Q15 Period vs. 83% in the TTM 2Q14 Period
Macao Departmental Profit Contribution by Segment¹
TTM 2Q15
1. Represents departmental profit by segment (before unallocated expenses) for the respective TTM periods ending June 30, 2014 and 2015.

14. $372
$452
$559
$580
$547
$509
$461
$412 $402
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
$557
$609
$659
$757
$702 $709
$645
$601
$574
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
14
SCL Base Mass Table Win by Quarter
Macao: SCL Base Mass Showing Greater Stability
Than Premium Mass in Current Softer Market
Note: LVS base mass and premium mass table revenues as presented above are based on the geographic position of the tables on the gaming floor.
Our Mass Table Offering is the Broadest and the Deepest in the Macao Market
($MM)
SCL Premium Mass Table Win by Quarter
SCL Departmental Profit Margin: 40% - 50% SCL Departmental Profit Margin: 25% - 40%
($MM)
241
Avg.
Tables
290 305761
Avg.
Tables
857 892
Avg. Win per Table per Day: $7,079 Avg. Win per Table per Day: $14,483

15. Executing Our Mass Strategy in Macao
Expansion of Mass Market
Offerings Underway with The Parisian
Family-friendly Entertainment World Class Concerts, Sporting Events
and Other Entertainment Offerings
Over 1.5 million sq. feet
of World Class Shopping
Market-Leading Customer Database
Highly Themed Tourism Attractions
Portfolio of Nearly
9,300 Suites and Hotel Rooms
Over 2 million sq. feet of Conference,
Exhibition and Carpeted Meeting Space
The Broadest
and Deepest
Mass
Tourism
Offerings
in Macao
Our Diversified Convention-based Integrated Resort Offerings Appeal to the Broadest Set of Customers
and Comprise a Unique Competitive Advantage in the Macao Market 15

16. Macao Mass Visitation Drivers
Future Growth Drivers
 More efficient and affordable
transportation infrastructure
 Greater number of hotel rooms
and non-gaming offerings in
Macao
 Additional tourism attractions in
Macao and Hengqin Island
 Rapidly expanding middle-class
with growing disposable income
16
As a result, Macao’s Mass visitors will:
 Come From Farther
Away
 Stay Longer
 Spend More On:
• Dining
• Lodging
• Retail
• Entertainment
• Gaming

17. Xinjiang
Tibet
Qinghai
Sichuan
Chongqing
Henan
Hubei
Shanxi
Hebei
Shandong
Beijing
Liaoning
Jilin
Heilongjiang
Jiangsu
Anhui
Hunan Jiangxi
Zhejiang
Guangxi
Guizhou
Yunnan
Ningxia
Shaanxi
Inner
Mongolia
Gansu
Guangdong
Fujian
Shanghai
Tianjin
Hong Kong
Macao
Twelve Months Ended May 31, Population GDP Per Penetration
Province 2014 2015 % Change (MM) Capita (US$) Rate
Guangdong 8,502,545 9,085,790 +7% 104 $9,452 8.7%
Fujian 807,691 905,123 +12% 37 $9,342 2.5%
Hunan 697,160 780,205 +12% 66 $5,936 1.2%
Hubei 601,824 678,165 +13% 58 $6,881 1.2%
Zhejiang 670,044 677,576 +1% 54 $11,054 1.2%
Jiangsu 540,950 563,493 +4% 79 $12,047 0.7%
Guangxi 428,131 530,770 +24% 46 $4,939 1.2%
Shanghai 544,835 528,283 -3% 23 $14,547 2.3%
Henan 420,480 482,784 +15% 94 $5,518 0.5%
Jiangxi 400,273 459,605 +15% 45 $5,130 1.0%
Sichuan 381,694 402,482 +5% 80 $5,240 0.5%
Beijing 376,312 365,480 -3% 20 $15,051 1.9%
Hebei 284,247 343,576 +21% 72 $6,251 0.5%
Liaoning 325,372 339,430 +4% 44 $9,961 0.8%
Heilongjiang 271,009 309,190 +14% 38 $6,057 0.8%
Shandong 280,095 303,077 +8% 96 $9,094 0.3%
Chongqing 238,046 257,073 +8% 30 $6,910 0.9%
All Other 4,036,827 3,972,896 -2% 407 N/A 1.0%
Subtotal (Excluding
Guangdong)
11,304,990 11,899,208 +5% 1,288 $6,617 0.9%
Mainland China 19,807,535 20,984,998 +6% 1,392 $6,767 1.5%
17
NOTE: Penetration rates assume that each visitor to Macao from Mainland China is a unique visitor.
Source: Macao DSEC; National Bureau of Statistics of China; LVS Estimates
Year-Over-Year Visitation Growth Mainland Chinese Visitation to Macao
Greater than 20%
Data Not Available-10%- 0%
0% - 10%
10%- 20%
Strong Growth in Mainland Chinese Visitation to Macao
Strongest Growth Realized in Provinces Served by High Speed Rail

18. Expanding Our Critical Mass on the Cotai Strip
The Parisian Macao
18LVS
Operating
Assets
Third Party
Operating
Asset
Third Party
Future
Development
Construction Progress – July 20, 2015Map of Macao’s Cotai Strip
 The Parisian Macao is a $2.7 billion themed, aspirational
destination Integrated Resort
 Construction continues to progress
 Hotel rooms and suites: 3,000+
 Gaming capacity: ~450 table games and 2,500 slots and ETGs
 Additional amenities including a retail mall, 50% scale replica
Eiffel Tower, MICE space, diverse food & beverage options and
entertainment
 The Parisian Macao will be interconnected to our other Cotai Strip
properties through mall access and other pedestrian connectivity
including a walkover bridge from Sands Cotai Central
Rendering of The Parisian Macao
LVS Future
Development

19. Expanding Our Critical Mass on the Cotai Strip
The St. Regis Tower at Sands Cotai Central
19
Construction Progress – July 20, 2015Map of Macao’s Cotai Strip
 St. Regis branded 5-star hotel and serviced apartments
to complement the existing portfolio of brands on the
Cotai Strip
 Construction continues to progress
 Hotel rooms and suites: ~400
 Serviced Apartments: ~300
Rendering of The St. Regis Tower
LVS
Operating
Assets
Third Party
Operating
Asset
Third Party
Future
Development
LVS Future
Development

20. 18% 18% 18%
14% 15% 14%
14% 12% 11%
16% 14%
13%
10%
9%
10%
0%
20%
40%
60%
80%
2012 2013 TTM 1Q15
28%
32%
34%
0%
10%
20%
30%
40%
2012 2013 TTM 1Q15
Macao Market Annual EBITDA
Market Share by Operator
SCL Expanded Market Share of Macao EBITDA by 600 bps Since 2012
Source: Company Reports
1. Reflects reported adjusted property EBITDA for operating properties for the twelve months ended March 31, 2015.
2. Galaxy only includes EBITDA from Starworld and Galaxy Macau.
Historical EBITDA Market Share1,2
20
Galaxy MPELSCL
2
SJM Wynn MGM
SCL Macao Property Operations All Others
Macao
Leader in
Market Share
of EBITDA
72%
68%
66%

21. $3.02 $3.16
$1.66 $1.57
$4.68 $4.73
$0.0
$2.0
$4.0
$6.0
2Q14 2Q15
Non-Rolling Tables Slot Machines
$417.8
$363.3 $368.5 $363.3
51.9% 50.9% 49.6% 50.9%
20%
30%
40%
50%
60%
70%
80%
$0
$100
$200
$300
$400
$500
$600
2Q14 2Q15 2Q14 2Q15
Marina Bay Sands Operations¹
Record Mass Win in Local Currency Terms
21
Actual
 Adjusted property EBITDA of $363.3 million, a decrease of 13.0%
(Adjusted Property EBITDA decreased 6.4% on a constant-currency
basis)
 Hold-normalized Adjusted property EBITDA decreased 1.4%
with margin expanding 130 basis points
 Hold-normalized Adjusted property EBITDA increased 6.1%
on a constant currency basis
 Total mass (non-rolling tables and slots) win per day increased
1.1% to reach $4.73 million (+8.8% on a constant-currency basis)
— Non-rolling win increased 4.9% to $287.8 million
— Slot win decreased 6.1% to $142.2 million
 Room revenue decreased 11.2% as RevPAR decreased 10.9% to
$361 and ADR decreased 7.8% to $377
 Retail mall revenue increased 0.2% to $40.4 million
 Rolling win decreased 26.6% to $264.5 million (rolling volume
decreased 9.0% to $9.51 billion)
($MM)
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Despite Currency Headwinds from Strong US Dollar, Stable Hold-Normalized Operating Performance
Non-Rolling Table and Slot Win Per Day
Hold-Normalized
1. Due to a strengthened US Dollar in 2Q15 compared to 2Q14, MBS faced a currency headwind equivalent to approximately 6.6 percentage points of adjusted property EBITDA growth in 2Q15 compared to 2Q14.

22. VIP
15%
Mass Tables
37%
Slots
20%
Hotel
16%
Mall
8%
Other
4%
VIP
14%
Mass Tables
37%
Slots
20%
Hotel
18%
Mall
7%
Other
4%
TTM 2Q14¹
Singapore: Diversified and Stable Sources of
Departmental Profit For Las Vegas Sands
22
Mass Tables / Slots and Non-Gaming Generated
85% of Singapore’s Departmental Profit in TTM 2Q15
Singapore Departmental Profit Contribution by Segment
TTM 2Q15¹
1. On a hold-normalized basis, VIP contribution would have been 13% in TTM 2Q14 and 11% in TTM 2Q15.

23. $182 $188 $192 $198 $205
$125 $129 $132 $139 $145
$45
$52 $57
$61
$65
$160
$167
$169
$171
$171
$512
$536 $551
$569 $586
$0
$100
$200
$300
$400
$500
$600
2Q14 3Q14 4Q14 1Q15 2Q15
Venetian Macao Four Seasons Macao Sands Cotai Central¹ Marina Bay Sands
Asia Retail Mall Portfolio Continues to Generate
Strong Growth in Revenue and Operating Profit
23
($MM)
Trailing Twelve Months Retail Mall Revenue
88% 89%86% 86%
Operating
Profit Margin 88%
1. At June 30, 2015, 331,466 square feet of gross leasable area were occupied out of a total of up to 600,000 square feet of retail mall space that will be featured at completion of all phases of
Sands Cotai Central.
2. Tenant sales per square foot is the sum of reported comparable sales for the trailing 12-months divided by the comparable square footage for the same period. Only tenants that have
occupied mall space for a minimum of 12 months are included in the tenant sales per square foot calculation.
$503M $521M$442M $463M
Operating
Profit $482M
TTM 2Q15 Sales
per Sq. Foot²
MBS:
$1,393
SCC:
$1,004
Four Seasons:
$4,924
Venetian:
$1,578

24. South Korea
Principal Areas of Future Development Interest for Las Vegas Sands
Japan
 As the global leader in Integrated Resort development and operation, Las Vegas Sands is uniquely positioned to
bring its unmatched track record and powerful convention-based business model to the world’s most promising
Integrated Resort development opportunities
 Development opportunity parameters:
— Targeting minimum of 20% return on total invested capital
— 25% - 35% of total project costs to be funded with equity (project financing to fund 65% - 75% of total project
costs)
Disciplined Execution of Our Global Growth Strategy
24
Macao
The Parisian Macao
St. Regis Tower at
Sands Cotai Central

26. Appendix

27. $ in millions 2Q14 3Q14 4Q14 1Q15 2Q15
Macao Property Operations
Reported 801.3$ 809.0$ 711.2$ 527.7$ 559.8$
Hold-Normalized 752.5$ 772.1$ 686.2$ 527.7$ 526.5$
Marina Bay Sands
Reported 417.8$ 351.7$ 518.5$ 415.3$ 363.3$
Hold-Normalized 368.5$ 366.5$ 461.0$ 371.3$ 363.3$
Las Vegas Operations
Reported 66.1$ 90.2$ 78.0$ 74.1$ 54.2$
Hold-Normalized 70.4$ 83.6$ 87.6$ 89.2$ 85.3$
Sands Bethlehem
Reported 27.9$ 29.8$ 36.2$ 29.9$ 34.1$
Hold-Normalized 27.9$ 29.8$ 36.2$ 29.9$ 34.1$
LVS Consolidated2
Reported 1,312.6$ 1,283.9$ 1,346.1$ 1,050.5$ 1,016.2$
Hold-Normalized 1,218.8$ 1,255.1$ 1,273.3$ 1,021.6$ 1,013.9$
Historical Hold-Normalized Adj. Property EBITDA1
27
1. This schedule presents hold-normalized adjusted property EBITDA based on the following methodology:
(a) for Macao operations and Marina Bay Sands: if the quarter’s rolling win percentage is outside of the 2.70%-3.00% band, then a hold-adjustment is calculated by applying a rolling win percentage of 2.85% to the rolling
volume for the quarter.
(b) for Las Vegas operations: starting with 1Q15, if the quarter’s Baccarat win percentage is outside of the 21.0%-29.0% band, then a hold-adjustment is calculated by applying a Baccarat win percentage of 25.0%, and if the
quarter’s non-Baccarat win percentage is outside of the 16.0%-20.0% band, then a hold-adjustment is calculated by applying a non-Baccarat win percentage of 18.0%. Our expected Baccarat win percentage in the prior
quarters was 22.0% to 30.0% (26.0% normalized) and our expected non-Baccarat win percentage in prior quarters was 14.0% to 18.0% (16.0% normalized).
(c) for Sands Bethlehem: no hold-adjustment is made.
(d) for all properties: gaming taxes, commissions paid to third parties on incremental win, bad debt expense, discounts and other incentives are applied to determine the adjusted property EBITDA impact.
2. Reflects consolidated adjusted property EBITDA inclusive of Other Asia (principally CotaiJet operations) segment.

28. $472 $447 $445 $500 $500 $500
$125
$830
$192 $75
$100
$210 $390
$825
$860
$300
$190
$375
$150$107
$1,449
$898
$1,179
$1,925
$1,510
$800
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2012A 2013A 2014A 2015E 2016E 2017E
Maintenance Investments in Current Properties¹ Sands Cotai Central The Parisian Macao² St. Regis at SCC Other
Capital Expenditures Expectations
Future Investments Include The Parisian Macao, St. Regis at SCC and Maintenance
Future Capital Expenditures Focused on Growth in Asia
($MM)
1. Reflects investments that will generate future income in our current property portfolio (including the Four Seasons Apart-Hotel and additional gaming capacity at Sands Cotai Central).
2. The timing of capex is subject to the receipt of timely government approvals.
Sands Cotai Central
The Parisian Macao2
St. Regis at Sands Cotai Central
LVS Capex Expectations
Development Timeline Pre-Opening
Post-Opening
28
$40
$49
$60
$19

29. 180
493
1,155 1,222
340
218
1,105
1,808
803
2,115
$48 $97
$328
$1,515
$2,293
$5,146
$340
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
2015 2016 2017 2018 2019 2020 2021
SCL MBS USRG LVSC
Debt Maturity Profile
Debt Maturity by Year at June 30, 2015
Long Term and Low Cost Financing in Place
($MM)
<1% 1% 16%% of Total 3% 23% 53%
29
3%

30. $70
$208
$285
$361
$510
$561
$656
$780
$822 $896
$1,045
$1,087 $1,059 $1,120
$1,016
$1,068 $1,028 $984 $1,001 $1,011 $994
0.0% 8.4% 9.6%
12.9% 11.3%
14.6%
18.2% 19.8%
23.4%
26.8% 26.7% 27.8%
30.3% 32.0%
37.2% 37.5%
40.9% 41.9% 40.0%
37.6% 38.5%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
$0
$300
$600
$900
$1,200
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
Gross Casino A/R Balance at End of Period Reserve Against Casino A/R Balance
$40
$146
$203
$250 $271
$345
$314
$418
$311 $317
$378 $368
$408
$342
$403
$326
$361
$281 $272 $291 $281
$0
$75
$150
$225
$300
$375
$450
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
MBS – Credit Collections Remain Healthy
Reserve Balance Of $383 Million Represents 38.5% of Gross A/R
30
($MM)
Reserve Balance Of $383 Million Represents 38.5% of Gross Accounts Receivable
Casino Credit Collections Remain Stable
$0
Quarterly
Provision
$17M $24M $37M $32M $40M $40M$11M$19M$10M
Life to Date Provision of $592 Million Represents 9.6% of Rolling Win Since Opening of Property
$38M $39M $37M $39M $36M $36M $33M $30M $30M $24M $20M

31. $252 $225
$188 $242
$440 $467
$0
$100
$200
$300
$400
$500
$600
$700
2Q14 2Q15
Baccarat Non-Baccarat
$66.1
$54.2
$70.4
$85.3
18.7%
15.7%
19.6%
22.2%
0%
10%
20%
30%
40%
$0
$20
$40
$60
$80
$100
2Q14 2Q15 2Q14 2Q15
Las Vegas Operations
31
Composition of Table Games Drop
 Low hold contributed to a decrease in Adjusted
property EBITDA of 18.0% to $54.2 million
— On a hold-normalized basis, adjusted property
EBITDA increased 21.1% to reach $85.3 million
 ADR increased 3.6% to $231 with 92.6% occupancy,
driving a RevPAR increase of 6.5% to $214
 Table games drop increased 6.0% to $466.5 million
driven by a 28.7% increase in Non-Baccarat drop
 Slot win increased 16.5% to $46.8 million
Best opportunities for future growth:
— High-end Asian gaming growth
— Increase in group room pricing in 2015
— Non-gaming amenities
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Best Opportunity for Future Growth in Group Room Business and Baccarat
Actual
($MM)
Hold-Normalized

32. $27.9
$34.1
22.1%
24.8%
0%
10%
20%
30%
40%
$0
$10
$20
$30
$40
2Q14 2Q15
$128 $139
$133
$148
$261 $287
$0
$100
$200
$300
2Q14 2Q15
Baccarat Non-Baccarat
Sands Bethlehem Operations
Strong Quarter for Leading Tri-State Region Property
32
 Adjusted property EBITDA increased 22.2% to $34.1
million
 Table games drop increased 10.1% to reach $286.9
million, driven by an 11.3% increase in Non-Baccarat
drop
 Slot handle increased 7.2% to $1.09 billion
 ADR increased 5.6% to $152 with occupancy of 91.9%,
driving a RevPAR increase of 11.1% to $140
 The Outlets at Sands Bethlehem (130,000 SF) feature 29
stores including Coach, Tommy Hilfiger, DKNY, GUESS,
European Body Concepts Day Spa and Joli French Bakery
and Cafe
 The Sands Bethlehem Event Center (50,000 SF)
— Headline events have included Tiesto, Yes, Willie
Nelson, The Beach Boys, Incubus, Bellator MMA,
Glenn Frey, Crosby, Stills and Nash, NBC Fight Night,
Diana Krall and Bill Maher
($MM)
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Composition of Table Games Drop

33. Macao Market Background
and Infrastructure Slides

34. 42%
74%
58%
26%
0%
20%
40%
60%
80%
100%
Gross Gaming Revenue Operating Profit
Mass Tables and Slots VIP Gaming
VIP Gaming Represents the Majority of Total Macao GGR…
…but Mass Tables and Slots Generate the Bulk of Gaming Operating Profit
Composition of Macao Market Gross Gaming Revenue and Est. Gaming Operating Profit¹
Source: Macao DICJ
1. This presentation reflects an assumed operating profit margin of 10.0% on gross VIP revenue and a blended margin of 40% on mass table and slot gross revenue.
Mass Gaming is the Primary Driver of Gaming Operating Profit
34
~1.8X
2Q15 TTM 2Q15
44%
76%
56%
24%
0%
20%
40%
60%
80%
100%
Gross Gaming Revenue Operating Profit
Mass Tables and Slots VIP Gaming
~1.7X
$35,071M $7,940M$7,120M $1,662M

35. $3,579
$4,670
$6,123
$6,960
$5,911
$2,446
$2,637
$2,985
$2,661
$2,029
$6,026
$7,307
$9,108
$9,621
$7,940
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
2011 2012 2013 2014 TTM 2Q15
Mass Tables, Slots and ETGs VIP Tables
Macao Market VIP and Mass Gaming Estimated Operating Profit 1,2
The Mass Business Remains the Principal Profit Pool
and the Primary Driver of Earnings Growth in Macao
($MM)
Source: Macao DICJ
1. This presentation reflects an assumed operating profit margin of 10.0% on gross VIP revenue and a blended margin of 40% on mass table and slot gross revenue.
2. The percentages presented in parentheses represent the % of total operating profit for the period.
The Mass Business is the Primary Driver of Gaming Profit in Macao
35
(59%)
(64%)
(67%)
(72%)(41%)
(36%)
(33%)
(28%)
(XX%) = % of total
operating profit for period
(74%)
(26%)

36. Five Trends that Should Contribute To Growth
in the Macao Market In The Future
1
2
3
4
5
200 million Chinese are expected to travel outside of China by
2020, compared to 107 million in 2014
Infrastructure and transportation connectivity throughout
China, especially in the Pearl River Delta region, will be
meaningfully expanded
Increasing length of stay in Macao
Hengqin Island will contribute to Macao’s diversification and to
its further development as a business and leisure tourism
destination
Over 12,000 new hotel rooms will open in Macao by 2018
Sources: McKinsey, Ernst & Young, CLSA
36

37. 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
'56 '60 '64 '68 '72 '76 '80 '84 '88 '92 '96 '00 '04 '08 '12
$4
$8 $11
$14
$15
$22
$30
$44
$55
$70
$102
$120
5
5 9 12
20
31
41
48
57
73
83
97
108
119
132
147
163
180
200
$138
$157
$179
$205
$234
$268
$306
0
50
100
150
200
250
300
350
'95 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15 '17 '19
Outbound Travel from China
China Is The World’s Largest and Fastest
Growing Outbound Tourism Market
37
Outbound Travel Penetration¹
Wealth Generation and Increased Mobility in China Have Driven Strong Growth in Outbound Trips and Tourism Spend,
And Comparative Outbound Travel Penetration Rates Show a Meaningful Opportunity for Continued Long-Term Growth
Expenditure (US$bn)
Chinese outbound
tourists (millions)
CLSA estimates
Source: CLSA, UNWTO
1. Outbound travel penetration is defined as total departures by residents as a percentage of the respective country’s population.
1
China
Japan
Taiwan
Korea
2009-2013 2012-2020
Expenditure 27.2% 14.3%
Tourists 16.1% 10.9%
CAGR
44.5%
27.5%
14.5%
6.1%

38. $1.1 $1.2 $1.2 $1.3 $1.4
$2.3 $2.5
$4.0
$10.0
$12.8
$-
$5
$10
$15
France Brazil Mexico Germany Russia Japan Indonesia USA China India
Chinese Middle Class Consumption Growth
Chinese Middle Class Consumption in 2030 is Projected to Reach $10.0 trillion
38
Global Middle Class Consumption in 2030 (US$ trillion)
NOTE: Brookings Institution defines the global middle class as those households with daily expenditures between $10 and $100 per person in purchasing power parity terms.
Source: Brookings Institution; UN; World Bank; Financial Times.
Continued Growth of the Chinese Middle Class Will Drive Macao Mass Tourism Opportunity
1
(US$ trillion)

39. Xinjiang
Tibet
Qinghai
Sichuan
Chongqing
Henan
Hubei
Shanxi
Hebei
Shandong
Beijing
Liaoning
Jilin
Heilongjiang
Jiangsu
Anhui
Hunan Jiangxi
Zhejiang
Guangxi
Guizhou
Yunnan
Ningxia
Shaanxi
Inner
Mongolia
Gansu
Guangdong
Fujian
Shanghai
Tianjin
Hong Kong
Macao
Twelve Months Ended May 31, Population GDP Per Penetration
Province 2014 2015 % Change (MM) Capita (US$) Rate
Guangdong 8,502,545 9,085,790 +7% 104 $9,452 8.7%
Fujian 807,691 905,123 +12% 37 $9,342 2.5%
Hunan 697,160 780,205 +12% 66 $5,936 1.2%
Hubei 601,824 678,165 +13% 58 $6,881 1.2%
Zhejiang 670,044 677,576 +1% 54 $11,054 1.2%
Jiangsu 540,950 563,493 +4% 79 $12,047 0.7%
Guangxi 428,131 530,770 +24% 46 $4,939 1.2%
Shanghai 544,835 528,283 -3% 23 $14,547 2.3%
Henan 420,480 482,784 +15% 94 $5,518 0.5%
Jiangxi 400,273 459,605 +15% 45 $5,130 1.0%
Sichuan 381,694 402,482 +5% 80 $5,240 0.5%
Beijing 376,312 365,480 -3% 20 $15,051 1.9%
Hebei 284,247 343,576 +21% 72 $6,251 0.5%
Liaoning 325,372 339,430 +4% 44 $9,961 0.8%
Heilongjiang 271,009 309,190 +14% 38 $6,057 0.8%
Shandong 280,095 303,077 +8% 96 $9,094 0.3%
Chongqing 238,046 257,073 +8% 30 $6,910 0.9%
All Other 4,036,827 3,972,896 -2% 407 N/A 1.0%
Subtotal (Excluding
Guangdong)
11,304,990 11,899,208 +5% 1,288 $6,617 0.9%
Mainland China 19,807,535 20,984,998 +6% 1,392 $6,767 1.5%
39
NOTE: Penetration rates assume that each visitor to Macao from Mainland China is a unique visitor.
Source: Macao DSEC; National Bureau of Statistics of China; LVS Estimates
Year-Over-Year Visitation Growth Mainland Chinese Visitation to Macao
Greater than 20%
Data Not Available-10%- 0%
0% - 10%
10%- 20%
Strong Growth in Mainland Chinese Visitation to Macao
Strongest Growth Realized in Provinces Served by High Speed Rail
1

40. Infrastructure: China’s High-Speed Rail
Connecting More of Mainland China to Macao
Source: SCMP, LVS, NYT
40
2
China’s Ministry of Railways Plans to Spend Greater than
US$100 billion per Year on Rail Development for the Foreseeable Future
Beijing – Guangzhou High-Speed Rail
 World’s longest high-speed rail route
 Covers 2,298km in ~10 hours (compared
to 22 hours previously) at a cost of 862
yuan (~US$140) per one way ticket
 Provides seamless connection from
Northern China to the Macao border via
the Guangzhou-Zhuhai Intercity Rail
 5 trains in each direction each day
Guangzhou – Zhuhai Intercity Rail
 Rail line connecting Guangzhou to
Zhuhai, where the Gongbei border
gate to Macao is located
 Guangzhou is the largest city in
Guangdong province and is a key
economic and transportation hub
 Reduces travel time from
Guangzhou to Zhuhai from 2+
hours by bus to as short as 60
minutes
 Zhuhai station opened in Jan 2013
 Future link to Macao Light Rail
System
 40-45 trains in each direction each
day
Wuhan – Guangzhou High-Speed Rail
 Wuhan is the capital of Hubei Province and one
of the most populous cities in Central China
with ~10 million people
 Wuhan is an important economic and
transportation hub in Central China
 HSR reduces travel time to Guangzhou from 11
hours by bus to 3.5 hours by train
 One of the most successful routes with 75-85
trains in each direction each day
Hong Kong
Macao

41. Infrastructure: Meaningful Improvements
Throughout the Pearl River Delta Region
Source: World Bank, China Daily, Chinatrainguide.com, Analyst reports. Note: population and GDP data from 2013.
41
Guangzhou
Population: 13M
GDP Per Capita: US$14,000
Macao
Population: 0.6M
GDP Per Capita: US$91,300
Hengqin Island
• Special economic area
• Over $20B of overall investment
• Over 10,000 hotel rooms
• First phase of Chimelong theme park opened in
Jan. 2014 and expected to attract 20M visitors
annually at completion of all phases
Hong Kong
Population: 7.2M
GDP Per Capita: US$38,000
Hong Kong-Macao-Zhuhai Bridge
(expected completion TBD)
Wuhan – Guangzhou High-Speed Rail
• 3.5 hour train ride
• 75-80 trains in each direction per day
Shenzhen
Population: 10M
GDP Per Capita: US$22,000China Border Gate Expansion
• Daily capacity increased from 150,000 to
350,000 people in 2H13
• Reduced average wait times on China side of
border
Guangzhou – Zhuhai Intercity Rail
• 70 - 90 minute train ride (2+ hours by bus)
• 25 - 35 trains in each direction per day
• Final link to Gongbei border gate completed in
January 2013
Guangzhou – Shenzhen – Hong Kong Rail
• 2 hour train ride from Guangzhou to Hong Kong
• 25 trains in each direction per day
Infrastructure Legend
Existing
Future
Gongbei – Hengqin Railway
• Connects the Gongbei border crossing with
Hengqin Island
• Stops at Lotus Bridge crossing and ends at
Chimelong theme park
• Expected completion 2017
2

42. 5.2
6.3
7.3
8.1
8.9
9.7
9.4
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2009 2010 2011 2012 2013 2014 TTM May
2015
5.8
6.9
8.8 8.8
9.7
11.5 11.6
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2009 2010 2011 2012 2013 2014 TTM May
2015
Mainland China Day-Trip Visitors to Macao Mainland China Overnight Visitors to Macao
Chinese Day-Trip and Overnight
Visitation To Macao
(MM)
Source: Macao DSEC
1. Compares the TTM period ended May 31, 2015 to the TTM period ended May 31, 2014.
42
-9% +19% +28% 0%
(MM)
Growth -1% +22% +16% +10%Growth
Additional Hotel Capacity and Transportation Infrastructure
Will Enhance Overnight Visitation Growth to Macao in the Future
+10% +10%
3
+19% +9%+11%¹ 0%¹

43. 11.0
13.2
16.2 16.9
18.6
21.3
18.0
22.7
28.1
34.9
40.7
47.2
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
Mainland China Visitation to Macao and Hong Kong
Visitation to Macao Can Meaningfully Grow
47.2 Million Residents of Mainland China Visited Hong Kong in 2014
(MM)
Source: Macao DSEC; Hong Kong Tourism Board
43
-5% +20% +22% +5%Macao
+6%Hong Kong +26% +24% +24%
Robust Transportation Infrastructure, 74,000 Hotel Rooms and World-Class Dining and Shopping
Amenities Enabled 47.2 Million Mainland Chinese Visitors to Travel to Hong Kong in 2014
In 2014 Hong
Kong Received
25.9M More
Visitors from
China than Macao
Received
2009 2010 2011 2012 2013
+10%
+17%
3
Macao Hong Kong
2014
+14%
+16%

44. 19.5
63.0
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2.0
3.3
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
(Days)
Total 2014 Mainland
Chinese Visitor Nights¹
(MM)(MM)
Daytrip Visitors
Opportunity for Increased Overnight Visitation
and Length of Stay In Macao
44
1. Calculated as total overnight visitors from Mainland China multiplied by average length of stay for Mainland overnight visitors in each market for 2014.
Source: Macao DSEC, Hong Kong Tourism Board
Composition of 2014
Visitation from Mainland China
Mainland Visitors Spent 63.0 Million Visitor Nights in Hong Kong in 2014
Compared to Just 19.5 Million Visitor Nights Spent in Macao
Overnight Visitors
Avg. Length of Stay for
Mainland Chinese
Overnight Visitors in 2014
Macao Hong Kong
3
11.5
9.7
28.2
19.1
0.0
5.0
10.0
15.0
20.0
25.0
30.0

45. Hengqin Island Expands Critical Mass of
Tourism Offerings for Visitors to the Region
45
Map of Hengqin Island New Area Important Facts
 Island adjacent to Macao (3X the size of Macao) that has been
welcomed by President Xi Jinping as a strategic zone for
cooperation among Guangdong Province, Hong Kong and
Macao
 Master-planned island with greater than US$20 billion of
investment focused on tourism development, industrial and
technological innovation and education
 One of three current “New Area” reform zones in China
— Support from the Central Government to enable long
term success
— Empowerment to have broad flexibility on economic and
legal matters
 Designed to contribute to the diversification of Macao
— US$3.2 billion Chimelong International Ocean Resort
opened January 28, 2014 and is expected to generate 20
million visits in the future after completion of all phases¹
— Hengqin’s central business district will feature a 1.2
million square foot convention center
— More than 10,000 hotel rooms expected to open over the
next five years
Source: Macau Daily, Zhuhai Daily, Chimelong Group, Hengqin New Area Administrative Committee
1. Phase 1 currently includes the Hengqin Bay Hotel, the Ocean Kingdom theme park, the Circus World show and a waterpark in the Hengqin Bay Hotel.
4

46. SandsCotai
Central
5,723
The
VenetianMacao
2,905
Sands Macao,289
GalaxyMacau³
Phase I: 2,250
Phase II:1,350
BroadwayMacau, 320
Starworld,509
Cityof Dreams
1,461
AltiraMacau, 216
WynnMacau
1,014 Grand Lisboa,431
Sofitel Macau,408
MGM Grand,587
9,277
4,429
1,677
1,014 839
587
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Sands China Galaxy Entertainment Melco Crown Wynn Resorts SJM Holdings² MGM China
Hotel % of Gaming % of Total
Gaming Operator Rooms Operators Market
Sands China 9,277 52% 36%
Galaxy Entertainment 4,429 25% 17%
Melco Crown 1,677 9% 6%
Wynn Resorts 1,014 6% 4%
SJMHoldings² 839 5% 4%
MGMChina 587 3% 2%
Subtotal Gaming Operators 17,823 100% 69%
Other 4/5 Star 8,077 0% 31%
Total 25,900 100% 100%
Market Leading Hotel Capacity at SCL
Sands China Operates 36% of Macao’s Current 4/5-Star Hotel Inventory
1. In addition to the hotel rooms that are owned by gaming operators presented here, there are 8,077 additional four- and five-star hotel rooms in Macao.
2. Reflects only SJM Holdings self-owned hotels.
3. Reflects the opening of Galaxy Phase II, an extension to the Galaxy Macau, which opened on May 27, 2015.
Source: Company filings, Macao DSEC
46
With a Market-Leading US$9 billion of Investment,
SCL Hotel Inventory Represents 52% of Macao Competitor Hotel Inventory
Macao Market Gaming Operator Hotel Rooms1
Four Seasons
Macao, 360
5
`

47. SandsCotai
Central
5,723
The
VenetianMacao
2,905
Sands Macao,289
The Parisian
Macao
3,000
GalaxyMacau³
Phase I: 2,250
Phase II:1,350
BroadwayMacau, 320
Starworld,509
Cityof Dreams
1,461
AltiraMacau, 216
Macau StudioCity
1,600
Grand Lisboa,431
Sofitel Macau,408
SJMCotai
2,000
WynnMacau, 1,014
WynnPalace
1,700
MGM Grand,587
MGM Cotai
1,600
12,677
4,429
3,277 2,839 2,714
2,187
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Sands China Galaxy Entertainment Melco Crown SJM Holdings² Wynn Resorts MGM China
Hotel % of Gaming % of Total
Gaming Operator Rooms Operators Market
Sands China 12,677 45% 35%
Galaxy Entertainment 4,429 16% 12%
Melco Crown 3,277 12% 9%
SJMHoldings² 2,839 10% 8%
Wynn Resorts 2,714 9% 7%
MGMChina 2,187 8% 6%
Subtotal Gaming Operators 28,123 100% 77%
Other 4/5 Star 8,277 0% 23%
Total 36,400 100% 100%
1. In addition to the hotel rooms that are owned by gaming operators presented here, there will be 8,277 additional four- and five-star hotel rooms in Macao at December 31, 2017.
2. Reflects only SJM Holdings self-owned hotels.
3. Reflects the opening of Galaxy Phase II, an extension to the Galaxy Macau, which opened on May 27, 2015.
Source: Company filings, Macao DSEC
47
Macao Market Gaming Operator Hotel Rooms at December 31, 20171
Four Seasons
Macao, 360
St. Regis Macao, 400
5
`
With a Market-Leading US$13 billion of Investment,
SCL Hotel Inventory Will Represent 45% of Macao Competitor Hotel Inventory
Market Leading Hotel Capacity at SCL
Projected Macao Market 4/5 Star Hotel Rooms at December 31, 2017

48. Supplemental Sands China Information

49. $7.0
$5.2
$1.0
$13.3
$2.4
$15.7
$5.3
$4.2
$0.7
$10.3
$1.9
$12.2
$0.0
$5.0
$10.0
$15.0
$20.0
Venetian
Macao
Sands Cotai
Central
Plaza Casino
(Four Seasons)
Total
Cotai Strip
Sands Macao Total
Macao Ops
2Q14 2Q15
Mass Table, Slot and ETG Win Per Day
($MM)
SCL’s Mass Gaming Segment Impacted by Headwinds…
Especially at the High-End of the Mass Market
49
Cotai Strip Properties Peninsula Total
Mass Tables 503 393 95963 238 1,197
Slots
ETGs
1,437 1,041 2,624146 559 3,183
681 654 1,3438 384 1,727
2Q15 Average Table, Slot and ETG Units

50. $10,190
$10,961
$12,143
$13,210
$11,963
$11,518
$10,469
$9,447
$8,966
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
$930
$1,061
$1,219
$1,337
$1,249
$1,218
$1,106
$1,013$976
29.9% 29.8% 30.5% 31.6% 30.5% 30.0%
32.4%
31.0% 31.8%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
Mass Table Win % of Macao Mass Table Win
Mass Table Win Mass Table Win per Table per Day2
50
($MM)
1,197
Avg.
Tables
1,147
The Mass Business Continues to Face Headwinds, Particularly at the “High-End” of Mass
Source: Macao DICJ
1. SCL’s mass table market share as presented above reflects the Macao DICJ’s presentation methodology, which includes live dealer ETG configurations within the mass table segment and Paiza cash
revenue within the VIP segment. For financial reporting purposes, LVS presents a non-rolling table segment (which includes Paiza cash and excludes all ETGs) and a slot segment (which includes all ETGs).
2. Excludes revenue from all ETGs.
SCL: Mass Table Segment
Mass Business in Macao is Facing Headwinds (Particularly at the “High-End” of Mass)
1
1,003

51. $285
$327
$353
$388
$401
$424
$362
$310 $299
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
$149
$166
$174
$184
$178 $176
$157
$136 $134
30.1%
32.6% 32.7% 32.2% 32.5% 31.5%
32.9%
31.4% 30.9%
0%
10%
20%
30%
40%
50%
60%
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$220
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
Slot & ETG Win % of Macao Market Slot Win
Macao Slot and ETG Win Macao Slot and ETG Win per Unit per Day
51
($MM)
4,910
Avg.
Units
4,865
Slot Business Soft, Particularly at “High-End”
Source: Macao DICJ
1. SCL’s slot market share as presented above reflects the Macao DICJ’s slot revenue reporting methodology, which excludes ETG play. Live dealer ETG configurations are reported within
the mass table segment. For financial reporting purposes, LVS presents a non-rolling table segment (which excludes all ETGs) and a slot segment (which includes all ETGs).
SCL: Slot and ETG Segment
1
5,757

52. $24,763
$30,365
$32,837
$39,167
$32,568
$29,893
$24,084
$19,012
$22,250
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
$1,184
$1,303$1,327
$1,445
$1,117
$1,019
$838
$592 $641
16.8%
18.4%
16.9%
18.3%
16.8%
17.9%
15.6%
14.6%
18.9%
0%
5%
10%
15%
20%
25%
30%
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15
Rolling Win % of Macao Market Rolling Win
Rolling Win per Table per Day
52
Rolling Win
316Avg.
Tables
377
Declining Segment Contributed Only 12% of Operating Profit in the TTM Period Ending June 30, 2015
($MM)
SCL: VIP Rolling Segment
VIP Segment in Macao Continues to Decline
3.38%3.19%Rolling
Win %
5252.82%

53. Department TTM 2Q14 TTM 2Q15 YoY Growth (%)
Departmental Profit
Margin Range
Retail Mall $353 $414 17% 85%+
Hotel 622 614 -1% 75% - 80%
Convention, F&B, Entertainment &
Other
568 569 0% Varies
Base Mass 2,727 2,530 -7% 40% - 50%
Slots 702 603 -14% 40% - 50%+
Premium Mass 2,138 1,784 -17% 25% - 40%
VIP Gaming 5,193 3,089 -41% ~10%
Adj. Property EBITDA from
Macao Property Operations
Hold Normalized Adj. Prop. EBITDA
from Macao Prop. Operations
-23%
Gross Revenue (US$MM)
$3,361 $2,608 -22%
$3,268 $2,512
Macao Annual Operating Performance
Most Diversified and Defensive Cash Flows in the Macao Market
53
SCL Departmental Revenue and Profit Margins – TTM 2Q15 vs TTM 2Q14
SCL Continues to Focus on the High-Margin Non-Gaming and Mass Segments
Note: Hold-Normalized Adjusted Property EBITDA from Macao Property Operations represents the sum of the hold-normalized figures from the four quarters ended June 30.

54. Department
Quarter Ended
6/30/2014
Quarter Ended
6/30/2015 YoY Growth (%)
Departmental Profit
Margin Range
Retail Mall $78 $94 21% 85%+
Hotel 152 131 -14% 75% - 80%
Convention, F&B, Entertainment &
Other
135 122 -10% Varies
Base Mass 702 574 -18% 40% - 50%
Slots 178 134 -25% 40% - 50%+
Premium Mass 547 402 -27% 25% - 40%
VIP Gaming 1,117 641 -43% ~10%
Adj. Property EBITDA from
Macao Property Operations
Hold Normalized Adj. Prop. EBITDA
from Macao Prop. Operations
Gross Revenue (US$MM)
$801 $560 -30%
$752 $526 -30%
Macao Second Quarter Operating Performance
Most Diversified and Defensive Cash Flows in the Macao Market
54
SCL Departmental Revenue and Profit Margins – Quarter Ended 6/30/2015 vs 6/30/2014
SCL Continues to Focus on the High-Margin Non-Gaming and Mass Segments

55. $40 $49
$198
$576 $593
$688
$817
$1,030
$1,381
$1,626 $1,597
$0
$500
$1,000
$1,500
$2,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TTM 2Q15
Non-Gaming Revenue (US$MM)
Macao Annual Non-Gaming Revenue
Most Diversified and Defensive Cash Flows in the Macao Market
55
($MM)
SCL Gross Non-Gaming Revenue
SCL’s High-Margin Non-Gaming Revenue Has Remained Strong
Despite Headwinds in the Gaming Segments